Logos of Monde and Emperador
MANILA, Philippines — Consumer powerhouse Monde Nissin Corp. will debut on the Philippine Stock Exchange index (PSEi), while liquor-maker Emperador Inc. will rejoin the closely-tracked main index effective February 14.
These two companies will replace integrated casino operator Bloomberry Resorts Corp. and Gokongwei-led Robinsons Retail Holdings Inc. (RRHI), based on the January to December 2021 stock performance review of the Philippine Stock Exchange.
“The index review allows us to maintain a roster of companies that best represents the entire market. The last two reviews saw the entry of newly listed companies in the PSEi as large issuances readily meet our criteria and are deemed qualified for inclusion by other index providers,” PSE president and CEO Ramon Monzon said in a press statement on Friday.
To qualify for the PSEi, a listed company must be among the top companies in terms of liquidity and market capitalization. It should also have a free float level of at least 15 percent of its outstanding shares.
Relevant financial criteria as well as eligibility for early inclusion are also considered by the PSE in the index review.